Convertibles Calendar: Nikola on deck

Dec. 7

NIKOLA CORP.

• $200 million three-year green convertible notes

• $30 million greenshoe

• Coupon of 7.75% to 8.25% and initial conversion premium of 20% to 25%

• Non-callable until Dec. 15, 2025 and then subject to a 175% hurdle

• SEC registered

• BTIG, LLC (lead left), Robert W. Baird & Co. Inc., Bryan, Garnier & Co. Ltd. and Wolfe | Nomura Alliance

• Proceeds for current or future eligible green projects

• Phoenix-based EV truck company

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